Property Details

1716 Boylston Avenue
Seattle, WA 98112
$5,000,000
MLS# 2558190 courtesy of NWMLS Listing firm: Kidder Mathews

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1716 Boylston Avenue , Seattle, WA 98112, Seattle

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1716 Boylston Avenue , Seattle, WA 98112, Seattle

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Multi-Family
Property Type
19,470
Bldg Sq Ft
25
Units
5.70%
Cap Rate
1907
Year Built

Property Overview

Hollywood Court is a 25-unit multifamily investment located in Seattle's highly desirable Capitol Hill neighborhood. The property consists of two buildings: the original 19-unit Hollywood Court, constructed in 1907, and a newer 6-unit building completed in 1998, offering investors a unique blend of historic character and more modern construction. Hollywood Court presents a compelling value-add opportunity in one of Seattle's most established and supply-constrained rental markets. The property benefits from a diverse unit mix and strong in-place occupancy, with the opportunity to enhance revenue through interior renovations, operational improvements, and continued alignment to market rents. Ideally positioned in the heart of Capitol Hill, the property offers unmatched access to Seattle's top lifestyle amenities and employment centers. Residents are within walking distance of light rail, Seattle Central College, Cal Anderson Park, and a vibrant mix of restaurants, cafes, and nightlife, while also maintaining close proximity to major employers in South Lake Union and Downtown Seattle, With its scale, location, and repositioning potential, Hollywood Court represents a rare opportunity to acquire a legacy asset with both near-term upside and long-term appreciation in one of Seattle's most dynamic rental submarkets.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood Capitol Hill
Listed Jul 21, 2026
Structure Type Multi Family
Parcel Number 8804900030

Tax & HOA

Annual Property Tax $51,271 (2026)
Est. Monthly Tax $4,273/mo

Financial Summary

Cap Rate 5.70%
Net Operating Income $284,688
Gross Scheduled Income $539,533
Gross Rent Multiplier 9.30
Total Expenses $226,406
Vacancy Rate 6.0%

Building & Use

Building Sq Ft 19,470
Leasable Area 17,277 sqft
Total Units 25
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 10,202 sqft
Year Built 1907

Exterior & Lot

Lot Size 0.23 sqft
Year Built 1907
Garage 6 spaces
Exterior Materials Brick, Wood
Sewer Sewer Connected
Water Source Public
Lot Features Curbs, Paved, Sidewalk
Exterior Features Brick, Wood

Community & Access

Directions Property is on Boylston Ave between E Howell St and E Olive St.

Location

City Seattle
County King
Coordinates 47.61704, -122.32312

Additional Information

Tax Year 2026
Annual Taxes $51,271
Possession Array
Listed By
Dan Swanson
Kidder Mathews

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